Gold prices fell on Thursday, with strength in the U.S. dollar prompting the metal to post its fourth loss in five sessions. After prices settled, the Federal Reserve said it held interest rates steady and signaled that it will stay the course and move rates up at a gradual pace in coming months. Gold prices saw volatile trading following the Fed news, seesawing between modest moves higher and lower. December gold GCZ8, -0.33% lost $3.60, or 0.3%, to settle at $1,225.10 an ounce. In electronic trading, it was last at $1,225.30.

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Gold settles lower, then struggles for direction after Fed statement

Gold prices suffer from a fourth loss in five sessions on Thursday, then struggle for direction in electronic trading with the U.S. dollar extending earlier gains as the latest policy update from the Federal Reserve yields no surprises.

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